GE Energy

GE Energy

Former type	Subsidiary
Industry	Energy
Founded	2008
Defunct	2012
Headquarters	Atlanta, Georgia, United States
Area served	Worldwide
Key people	John Krenicki, Jr (President & CEO)[1]
Products	List Electricity transmission and distribution equipment Gas engines Gas turbines Generators Measurement and control systems Nuclear reactors Oil drilling and production equipment Pipeline equipment Solar panels Steam turbines Water and process technologies Wind turbines[2]
Revenue	US$ 37.1 billion (2009/10)[2]
Number of employees	Approximately 82,000 (2011)[2]
Parent	General Electric
Divisions	GE Energy Management GE Oil and Gas GE Power and Water
Website	www.ge-energy.com

GE Energy was a division of General Electric and was headquartered in Atlanta, Georgia, United States.^[3] As of 2013, it is no longer an active division of GE and all operations are managed between GE Energy Management, GE Oil & Gas, and GE Power & Water.

History

In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure.

On March 29, 2011, GE Energy announced plans to acquire a 90% stake in Converteam for $3.2 billion.^[4][5]

In July 2012, John Krenicki announced that he would be stepping down as president of GE Energy, and the business would be broken into three new GE businesses:^[6]

• GE Energy Management
• GE Oil & Gas
• GE Power & Water.

This move was seen as an effort to drive simplification and visibility in GE, and the reorganization was completed in October 2012.

Divisions

GE Energy was divided into the following divisions:^[2]

• Energy Management
  • Digital Energy
  • Industrial Solutions
  • Environmental Services
  • Power Conversion (Converteam Acquisition)
  • Bethesda Counsel
• GE Oil & Gas
  • Drilling Solutions: Land and Offshore
  • Offshore Solutions
  • Subsea Solutions
  • Enhanced Oil Recovery (EOR) Solutions
  • Unconventional Resources
  • Full Range LNG Solutions
  • Industrial Power Generation
  • Refinery & Petrochemicals
  • Gas Storage & Pipeline
• GE Power & Water^[7]
  • Power Generation Products (previously known as Thermal Products)
  • Power Generation Services
  • Distributed Power
  • GE Hitachi Nuclear Energy
  • Renewable Energy
  • Water & Process Technologies

See also

• Energy sector

References

1. "Company Information". GE Energy. Retrieved 15 April 2011.
2. "GE Energy Fact Sheet" (PDF). GE Energy. Archived from the original (PDF) on January 2, 2011. Retrieved 15 April 2011.
3. GE Company Organization Chart
4. "GE Energy To Buy 90% Stake In Converteam For $3.2B". Wall Street Journal. 29 March 2011. Archived from the original on April 7, 2011.
5. Layne, Rachel (2011-03-29). "General Electric Agrees to Buy Converteam for $3.2 Billion". Bloomberg Business (Bloomberg Business). Retrieved 2015-10-29.
6. Linebaugh, Kate (2012-07-20). "GE Shake-Up Will Audition New Leaders". The Wall Street Journal (The Wall Street Journal). Retrieved 2015-10-29. (subscription required (help)).
7. "GE Energy - About Our Business". GE.

External links

• Official website